linofx1

GOLD (XAUUSD): Bullish Outlook Explained

Long
CAPITALCOM:GOLD   Gold
Gold created an ascending triangle pattern following a test of a horizontal support level on a 4-hour chart last week.

The pattern had a strong horizontal key level as its neckline, which was successfully broken and closed above last week.

I anticipate that the market will experience upward movement in the near future, with potential targets at 2360 and 2380.

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